Know What Your Tax Bill is Now While There’s Still Time to Lower It!

Judy Weiss

Don’t wait until tax season! Learn why a year-end tax checkup before December 31st can uncover strategies to cut your 2025 tax bill by thousands.

Most people don’t think about their taxes until March or April — and by then, it’s too late to change a thing. The truth is, your 2025 tax bill is being built right now… and you only have four months left to make changes that could save you thousands.
That’s why smart families, business owners, and professionals book a tax checkup in the last quarter — before December 31st — to uncover strategies the IRS won’t remind you about.

6 Steps to Take Before Year‑End

  1. Run Your 2025 Tax Projection
    Know your current bracket, deductions, and credits
  2. Max Out Retirement Contributions
    401(k), IRA, or SEP for business owners
  3. Time Roth Conversions
    Before tax rates potentially change after 2025
  4. Harvest Investment Losses
    Offset gains to reduce taxable income
  5. Make Charitable Contributions
    Consider donor‑advised funds for bigger deductions
  6. Use New Big Beautiful Bill Deductions
    Before they expire or phase out

 

What the Big Beautiful Bill Means for You

  • Higher SALT deduction cap ($40K for many high‑tax state filers)
  • Up to $25K deduction for tips or overtime income
  • Up to $10K car loan interest deduction for new qualifying vehicles
  • $6K senior deduction (65+)
  • Expanded Child Tax Credit ($2,200 per child)

 

Final Thoughts from NorthPoint
“Don’t wait until tax season to find out what you owe. By then, your options are gone. A quick tax checkup now can uncover ways to lower your bill, keep more of your income, and take full advantage of the Big Beautiful Bill’s new breaks — before they disappear.”

Schedule your complimentary 2025 Tax Checkup before December 31st.